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Thursday, October 15, 2009
Stratus Media Group, Inc.
STRATUS MEDIA GROUP, INC. ANNOUNCES MIKE DUNLEAVY SR. HAS JOINED BOARD OF DIRECTORS
-- Brings Diverse Sports and Business Experience to Board
SANTA BARBARA, CA (October 15, 2009) - Stratus Media Group, Inc. (OTCBB: SMDI), a live entertainment company, announced today that Mike Dunleavy Sr., general manager and head coach of the Los Angeles Clippers basketball team, has joined the Board of Directors for the Company.
“Stratus has an exciting plan for continued worldwide growth within the live entertainment industry,” said Mike Dunleavy, Sr. “I am looking forward to being part of the board and helping to keep stratus moving in a successful direction.”
Mike Dunleavy Sr, is the current head coach and general manager of the Los Angeles Clippers, and currently ranks ninth among active coaches on the all-time NBA victory list. Selected in the sixth round (99th pick overall) by Philadelphia in 1976, Dunleavy played 11 seasons in the NBA with career averages of 8.0 points and 3.9 assists in 438 games for Philadelphia (1976-78), Houston (1978-82), San Antonio (1982-83) and Milwaukee (1983-85, 1988-1990). He began his coaching career as head coach for the Los Angeles Lakers is 1990. He then went on to coaching the Portland Trail Blazers and under his guidance the team matched its second best victory total in Blazers history. Dunleavy earned the 1999 NBA Coach of the Year award. This season he coached his 1000th career game and won his 500th career game.
“We are pleased to add Mike to our board of directors,” said Paul Feller, President and Chairman of Stratus Media Group. “The Company is prepared to roll out its portfolio of live entertainment events and its Stratus Rewards VISA White card program and Mike’s input and experience will be very valuable in helping to guide Stratus Media Group in the years ahead as the Company grows.
About Stratus Media Group, Inc.
Incorporated in November of 1998, Santa Barbara based-Stratus Media Group is an owner, operator and marketer of live entertainment and sporting events. The company is primarily focused on internal growth and acquisitions within the live entertainment-related market -- including action sports, automotive shows, college sports, food events, motor sports, music concerts and festivals, running events, diversified media marketing, trade shows and expositions, and talent management. In addition, the company intends to expand its consumer rewards marketing and redemption activities through its Stratus Rewards Visa White Card -- providing exclusive redemption benefits to its cardholders in the form of VIP event access, luxury trips, private jet travel, luxury automobiles, high-end merchandise and other rewards for specified levels of use.
Forward Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors which include but are not limited to risk factors inherent in doing business. Although the company's management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
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